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Nasdaq closes above 5,000 mark
03 Mar 2015 07:07
The Nasdaq finished above 5,000 last night on Wall Street for the first time in 15 years, capping a long-running recovery in the exchange after the dot-com bubble burst spectacularly in 2000.
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The tech-rich Nasdaq Composite Index jumped 44.57 points (0.9%) to 5,008, finishing above 5,000 for only the third time in its history.
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Both the Dow Jones Industrial Average and the S&P 500 struck new records as well, as US markets marched ahead in a six-year bull run.
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The Nasdaq is still about 40 points below its all-time closing high of 5,048.62, on March 10, 2000.
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